May 14, 2016 - India ITR

The Income Declaration Scheme 2016 to open from 1st June 2016.

Income Tax, Income Tax Circulars/ Notification, Income Tax Return, Income Tax UpdatesBy Himanshi May 14, 2016

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s). Under the Scheme, such income as declared by the eligible persons, would be taxed at the rate of…

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code

Misc. ItemsBy Himanshi May 14, 2016

Code is a comprehensive and systemic reform, which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the world’s best insolvency regimes; Vision of the new law is to encourage entrepreneurship and innovation. History was created on 11th…